Longenesis, Insilico Medicine and Gil Medical Center will jointly create a blockchain-based health data management platform
IBM Issued Patent for DLT-Supported Data Sharing and Validation
IBM has been issued a patent for sharing and verifying information shared between mobile devices with distributed ledger technology
Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live
Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company a…
Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases
Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards.This new service is a follow-up to the Business Banking Services Cas…
Lots of Building on BCH as Bitcoin.com’s REST Layer Sees Millions of Requests
Over the last year, Bitcoin.com has released a robust Bitcoin Cash (BCH) developer platform loaded with programming tools like Bitbox as well as the newly launched Badger and SLP tool kits. In addition to these services, Bitcoin.com provides programmers with guides, a GUI BIP44 development wallet, a BCH testnet faucet, and REST layer for the […]
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Societe Generale Subsidiary Issues 100 Million Euro Bond on Ethereum Blockchain
Societe Generale SFH has issued a 100 million euro bond as a security token on the Ethereum blockchain
BlockFi Now Has Over $53 Million in Client Crypto Under Management
Crypto wealth management firm BlockFi announced that it now has over $53 million in client crypto assets under management
Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack
Since March 2019, CoinBene has denied being hacked, but several details have recently emerged that point to that conclusion
Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges
Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation.
According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.
FDAG recently acquired the crypto exchange Zaif, which was hacked last year, from Tech Bureau for $44.7 million. Huobi Global, meanwhile, expanded into Japan through the acquisition of the regulated exchange BitTrade.
Citing anonymous sources close to the companies, the Reuters report claims that the FSA’s inspectors primarily examined the companies’ internal oversight while also suggesting that there are certain insufficiencies in “the management systems of the two companies and their efforts to protect customers.”
Earlier this year, Huobi Korea, the South Korean subsidiary of Huobi Global, announced that it would be strengthening its anti-money laundering protection standards.
The firm’s focus was on its fiat-to-crypto oversight measures, as well as the processes for withdrawals and deposits on its platforms. It resolved that it will keep close tabs on all transactions that it deems suspicious. In addition, the exchange highlighted its commitment to provide periodic updates to its fraud-detection algorithms.
This article originally appeared on Bitcoin Magazine.
Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain
Head of digital market assets at Credit Suisse, Emmanuel Aidoo, said that the culture within banks holds them back from adopting blockchain